taxes

New IMF Recommendations for Colombia and Their Implications

October 20, 2016

The International Monetary Fund (IMF) recently concluded the annual Article IV Consultation with Colombian policymakers, which took place from March 3rd-13th.2The IMF mission was headed by Valerie Cerra, who concluded that Colombia had a strong macroeconomic policy framework and was able to weather the global financial crisis through an inflation-targeting regime, maintaining

Taxing with Dictators and Democrats in Argentina

October 11, 2016

Latin American nations are notoriously poor tax collectors and Argentina is among the least effective. Despite a relatively high level of development, Argentina’s governments are unable or unwilling to extract at levels comparable even to the surrounding nations. One possible source of this weakness is Argentina’s political structure, including its fiscal federalism and the incentives provided by elections and national governance. Crucially, taxing is unpopular, so politicians that face reelection or can gain resources elsewhere will avoid it.

Subscribe to RSS - taxes